i3 Verticals, Inc. (NASDAQ:IIIV) Q1 2023 Earnings Call Transcript

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Operator: And our next question comes from Peter Heckmann from D. A. Davidson. Please go ahead with your question.

Peter Heckmann: Good morning, everyone. Just on healthcare, wanted to talk a little bit about where you got it, which solutions you’d lead with and how are you in terms of kind of bundling solutions focused on individual niches with healthcare? And where do you think you are strongest in terms of solution set and in niche market within healthcare?

Greg Daily: So, our strongest product is our RCM. We do quite a bit of coding work. We have a portal — patient portal today. We are enhancing the features and capabilities of that portal. We think that will be strong in the future. Obviously, the addition of AccuFund, some products are in the works, are going to fill out our product suite a lot better. I will tell you that, last quarter, I guess, we announced that Paul Christians had been promoted to COO. One of his three initiatives is to create the unified product offering within healthcare similar to how we did it in public sector. And we are extremely pleased with the amount of work that’s been done in short period of time in healthcare. And I think we will have some more exciting things to talk about in healthcare for next quarter.

I think the icing on the cake in health care is payments. We’ve just really haven’t scratched the surface yet. And it takes few quarters — few years to put that in place but we haven’t even — we’re first base on that. So, I’m excited about payments.

Peter Heckmann: And then just it back to public sector on the statewide deals, I think between a number of your deals you have easily a dozen states maybe close to two dozen on a statewide deal, but as you continue to grow that business and get more reference ability, do you expect that we could see some deal sizes that get quite a bit larger and could be notable on a quarter to quarter basis?

Clay Whitson: Yeah, the combination of Celtic and BIS is strong in the market. Celtic, as you know, is in the 18 different states and a couple provinces of Canada. We think all of those deals that they land are going to be higher end deals for us.

Greg Daily: We’re optimistic. But don’t put in your model yet.

Operator: And ladies and gentlemen, with that, we’ll conclude today’s question and answer session. I’d like to turn the conference call back over to Greg Daily for any closing remarks.

Greg Daily: Again, thank you for your interest. Thanks for joining us this morning. Call us if you need us.

Operator: And ladies and gentlemen, with that we’ll conclude today’s conference call and presentation. You may now disconnect your lines.

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